Business purchases, delinquency and the duration gap all increased at Fannie Mae last month.
New business acquisitions were $73.4 billion during December, climbing from $63.7 billion in November and $57.8 billion a year earlier, according to the latest monthly summary.
Fourth quarter purchases totaled $203.4 billion, up from $197.9 billion during the third quarter and $155.7 billion in the fourth quarter 2006, the data indicated.
For all of 2007, the Washington, D.C.-based company said secondary purchases were $746.1 billion, higher than $614.7 billion for 2006.
Fannie reported its total book of business at $2.890 trillion as of Dec. 31, 2007, including an $0.724 trillion gross mortgage portfolio and $2.166 trillion in outstanding mortgage-backed securities.
Residential loans past due at least three months were 0.90 percent in November, jumping from 0.83 percent the prior month and 0.63 percent a year earlier, according to the government sponsored housing enterprise. Delinquency is reported on a one-month lag.
The effective duration gap, a measure of the balance of Fannie’s cash flows from assets and liabilities, expanded to two months in December from one month in November and zero months in September, Fannie said.
